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🏡 Changes Ahead for Homeowners 🏡

🏡 Changes Ahead for Homeowners 🏡

The new One Big Beautiful Bill Act (OBBBA) locked in some important rules around mortgage interest and insurance:

  • Mortgage interest is capped at loans up to $750,000 (unless you’re grandfathered in with an older loan).
  • Starting in 2026, you may be able to deduct mortgage insurance premiums—but only if your income is under certain limits.
  • Older “grandfathered” mortgages (from before late 2017) can still qualify for the higher $1 million cap.

⚖️ Planning Opportunities
Homeowners who itemize can benefit from strategic tax planning—stacking mortgage interest with SALT and other deductions (including senior bonus deductions)—to maximize their tax outcome.

Disclaimer: This content is provided for educational purposes only and is not legal, tax, accounting, or financial advice. Every situation is unique, so consult your own attorney, CPA, or financial advisor before making decisions based on this information.